BAAC has transferred more than 1 income insurance for rubber farmers, Phase 2 | RYT9

Mr.Coin Deputy ManagerBank for Agriculture and Agricultural Cooperatives (BAAC) Revealed that according to the resolutioncabinet (CabinetAgree to BAAC ProjectIncome insuranceFarmersPhase 2 rubber planters to provideFarmersRubber farmers have a certain income fromIncome insurance Help alleviate the troubles of the rubber price slump. Due to the economic recession from the epidemic crisis of COVID-19. And build stability in the career goalsFarmers 1.83 million cases, rubber plantation area over 18.28 million rai, budget budget of 9,717 million baht byIncome insuranceAccording to each type of production, including good quality raw rubber sheets, price insurance 60 baht / kg, fresh latex (DRC 100%), insurance price 57 baht / kg, and cup lump rubber (DRC 50%), insurance price 23 baht / kg, set periodIncome insuranceFor a period of 6 months (October 2020? March 2021) by today (10 December 2020) BAACHas started to transfer moneyIncome insuranceAlready mentioned more than 1,000 million baht toFarmersNumber of more than 9 hundred

For income insurance payment criteria Rubber farmers must register and inform information about the rubber plantation area with the Rubber Authority of Thailand (RAOT), which is a rubber plantation of 7 years or more that has been opened, each individual does not exceed 25 rai, determining the amount of rubber production to be guaranteed. Income Dry rubber yield (DRC 100%) amount 20 kg / ha / month. And the yield of rubber cup cubes (DRC 50%) of 40 kg / rai / month, the Rubber Authority of Thailand will check and certify the Along with the processing and sent to BAAC to transfer money directly to the farmer’s account Which the monthly income insurance premium = (insurance price of rubber income – sales reference price) X the amount of rubber output by the rubber tapping area By dividing income If the owner of the garden is tapping himself, he will receive the difference in the insurance of the whole amount In case of hiring rubber tapping The rubber planter will get 60 percent and the tapping will get 40 percent of the total income. With the announcement of the middle reference price every month And will be paid From November 2020? September 2021, where farmers can verify their money transfers via the BAAC A-Mobile application 24 hours a day or at all BAAC branches nationwide. And if farmers apply for BAAC Connect service, they will receive a notification message via LINE Official BAAC Family when the funds have been credited to your account.

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